Originally Posted by
deftone
It works out to around $105k using todays interest rates if you take the full 10 years to repay. I posted a breakdown further back on the thread. Thats already $850 per month so I cant imagine many having the spare cash to pay off early at CFI/Regional FO salaries.
If interest rates increase then who knows what you will end up paying..... And over a 10 years span you have to assume that at some point they will be higher than todays rates.
This program is being financed by the same banks that finance the ATP flight school programs. They are NOT student loans, therefore will have interest rates of 10% and higher, and are variable. The total cost will end up being will north of $115k. I wouldn’t put that kind of debt on myself and be forced into Republic as my only employment option.